Newsom Seeks $18B for Utilities’ Wildfire Fund as California Faces Future Blazes July 31, 2025 By Eliyahu Kamisher and Mark Chediak California Gov. Gavin Newsom is circulating a legislative proposal to shore up a state fund for utilities that’s at risk...
With Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses, Rate Hikes April 30, 2025 Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest...
Edison International to Face Trial Over Woolsey Wildfire Claim in April August 19, 2019 By Erik Larson The first trial to determine if Edison International’s Southern California utility is liable for damages from the Woolsey wildfire that...
Another California Utility One Wildfire Away From Ruin February 11, 2019 By David R. Baker The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades...
Facing $17B in Fire Damages, PG&E CEO Blames Climate Change August 13, 2018 By Mark Chediak It was California’s biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far...
PG&E to California Governor on Fire Liability Plan: It’s Not Enough July 26, 2018 By Brian Eckhouse California Governor Jerry Brown issued a plan this week to help the state’s embattled utilities facing liabilities from wildfires. For...
California Bill Would Shield PG&E, Edison from Some Wildfire Liability April 26, 2018 By Mark Chediak Utility giants PG&E Corp. and Edison International could gain at least some protection against future wildfire damages under a bill...
Another California Utility Loses Billions in Value as Wildfire Rages December 6, 2017 By Mark Chediak and Jim Polson Once again, thousands are fleeing a wildfire in California. And, once again, the worry on Wall Street is that a...
Southern California Utility Gets $400M Insurance Settlement over Closed Nuke October 27, 2015 The operator of the defunct San Onofre nuclear power plant in Southern California announced that it reached a $400 million...
Edison Expects 2016 Hearing on $7.57B California Reactor Claim July 31, 2015 By Harry R. Weber Edison International expects a hearing to be held next year on its $7.57 billion damage claim against Mitsubishi Heavy Industries...